Have a big event coming up and don't want to splurge on a dress? You can rent a dress that will make heads turn for $40!

Rent the Runway is known for having very high-end designer dresses in their inventory, traditionally with rental fees ranging from $50-$200. Recently, they introduced the $40 rental, featuring great designers like Yumi Kim, Parker and Lily Pulitzer.

I've used this service before, and I have to say, it's incredibly easy. You pick out your dress, select the arrival date and size, and voilá! You have the perfect outfit for your event. Dresses come freshly dry cleaned, with a return label, and you can even order a back-up size for free!